Recently, the price trend of Bitcoin may continue to show a consolidation pattern, significantly influenced by expectations of Federal Reserve policies and market liquidity. Technically, attention is on the key support level of $30,000, and if it falls below that, it may dip to $28,000; the resistance zone at $35,000 is under pressure, and a breakthrough requires accompanying volume. The movements of institutional holdings and the progress of ETF approvals are potential catalysts, but due to high volatility, it is advisable to trade lightly in swing trading and remain cautious of black swan events. In the medium to long term, the halving cycle and technological iterations may support value recovery.